Culp amends bylaws for universal proxy rules; shareholders reelect directors and ratify auditor

CULP INC

Board approved bylaw amendments on Sept 26 to comply with SEC universal proxy rules, including new advance notice deadlines (90-120 days prior to annual meeting).
Shareholders at Sept 25 annual meeting reelected all seven director nominees (Baugh, Culp IV, Decker, Gatling, Jackson, Jones, Saxon).
Shareholders ratified Grant Thornton LLP as independent auditor for fiscal 2025.
Advisory say-on-pay resolution passed with 7.7M votes for, 1.6M against.
Bylaw changes also enhance informational requirements for shareholder proposals and nominations.

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